AMERICAN TOWER CORP (AMT) Income statement

Market cap

$82.5B

P/E ratio

32.8x

	2010/12	2011/12	2012/12	2013/12	2014/12	2015/12	2016/12	2017/12	2018/12	2019/12	2020/12	2021/12	2022/12	2023/12	2024/12	2025/12
Revenue	1,985	2,444	2,876	3,361	4,100	4,772	5,786	6,664	7,440	7,580	8,042	9,357	10,711	11,144	10,127	10,645
Revenue growth (%)	-
Cost of revenue	27	31	36	31	38	33	28	35	-	43	-	-	-	-	-	-
Selling, general & administrative	230	289	327	416	447	498	543	637	733	730	779	812	972	993	933	941
Operating margin (%)
Operating expenses	1,201	1,523	1,756	2,147	2,613	3,159	3,933	4,666	5,535	4,892	5,154	6,225	8,359	8,119	5,611	5,799
Operating income	784	920	1,120	1,214	1,487	1,613	1,853	1,998	1,905	2,688	2,888	3,132	2,352	3,025	4,517	4,846
Income before tax	556	507	701	542	866	830	1,126	1,256	1,155	1,916	1,821	2,829	1,721	1,521	3,625	3,044
Pretax margin (%)	28	20.7	24.4	16.1	21.1	17.4	19.5	18.8	15.5	25.3	22.6	30.2	16.1	13.7	35.8	28.6
Provision for income taxes	182	125	107	60	63	158	156	31	-110	-0	130	262	24	154	366	416
Effective tax rate (%)
Net income	374	396	637	551	825	685	970	1,239	1,265	1,917	1,692	2,568	1,697	1,367	2,280	2,629
Net income margin (%)
Earnings per share	0.93	1	1.61	1.4	2.02	1.42	2	2.69	2.79	4.27	3.81	5.69	3.83	3.18	4.83	5.41
Diluted EPS	0.92	0.99	1.6	1.38	2	1.41	1.98	2.67	2.77	4.24	3.79	5.66	3.82	3.18	4.82	5.4
Dividend payout ratio (%)	-	-		-	-	-	-	-	-	-	-	-	-	-
Dividend per share	-	-	0.9	-	-	-	-	-	-	-	-	-	-	-	6.56	6.8
EBITDA
EBITDA margin (%)